Updated for 2025/26
£15,462 vs £20,962 Salary Comparison
Compare a £15,462 salary against £20,962. Find out exactly how much more (or less) you will take home after tax.
Gross Difference
+£5,500
per year
Take Home Extra
+£330.00
per month
You Keep
72%
of the raise
5-Year Gain
+£19,800
cumulative
Entry-Level Career Progression
This comparison is typical for early career moves or first promotions. At this salary range, most of your income is taxed at the basic rate (20%), so you keep a higher percentage of any raise.
- Negotiate hard - you keep ~70-80% of any increase at this level
- Consider employers offering good pension matching (often worth more than small salary differences)
- Look for roles with clear progression paths to higher bands
- Factor in benefits like free lunches, gym memberships, or transport subsidies
Compare Salaries
Enter multiple salaries to compare take-home pay for 2025/26
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Comparison Results
| Metric | £15,462 | £20,962 | Difference |
|---|---|---|---|
| Gross Salary | £15,462 | £20,962 | £5,500 |
| Income Tax | £578 | £1,678 | £1,100 |
| National Insurance | £231 | £671 | £440 |
| Pension | £0 | £0 | £0 |
| Take-Home Pay (Yearly) | £14,652 | £18,612 | £3,960 |
| Take-Home (Monthly) | £1,221 | £1,551 | £330 |
| Effective Tax Rate | 5.2% | 11.2% | 6.0% |
£15,462
Gross£15,462
Take-Home£14,652
You Keep94.8%
£20,962
Gross£20,962
Take-Home£18,612
You Keep88.8%
Tax Band Analysis
Understanding where your money goes
£15,462
Tax BandBasic Rate
Marginal Rate20%
Income Tax£578.40
National Insurance£231.36
Take Home (Monthly)£1,221.02
£20,962
Tax BandBasic Rate
Marginal Rate20%
Income Tax£1,678.40
National Insurance£671.36
Take Home (Monthly)£1,551.02
What £330.00 Extra Buys You
Real-world value of the take-home difference
Monthly Subscriptions
Netflix, Spotify, gym - £100.00/mo
Weekend Breaks
1-2 UK getaways per month at this budget
Full Comparison: £15,462 vs £20,962
£15,462
- Gross Pay£15,462.00
- Take Home (Year)£14,652.24
- Take Home (Month)£1,221.02
- Effective Tax Rate5.2%
£20,962
- Gross Pay£20,962.00
- Take Home (Year)£18,612.24
- Take Home (Month)£1,551.02
- Effective Tax Rate11.2%
The difference in take-home pay is £3,960 per year, which works out to £330.00 per month.